Question

Refer to the information for Stahl Company above.
Stahl Company was incorporated as a new business on January 1, 2011. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6 percent, $20 par value, cumulative preferred stock. On January 1, 2011, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2011, was $500,000.

Required:
What is the amount of Stahl’s total contributed capital at December 31, 2011?


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  • CreatedSeptember 22, 2015
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